Liabilities and Assets 2006 2005 Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 54 58.5 Accounts payable 87.8 73.5 Notes payable / Accounts receivable 56.4 39.6 short-term debt 9.8 9.6 Current maturities of Inventories 46 42.9 long-term debt 39.1 36.9 Other current assets 6.1 3.0 Other current liabilities 6.0 12.0 Total current assets 162.5 144.0 Total current liabilities 142.7 132.0 Long-Term Liabilities Long-term debt Long - Term Assets Land 66.3 62.1 229.6 168.9 Ruildings 107 7 01 5 Canital lease obligations A. 4.39 B. 2.2 C. 1.1 D. 3.07 91.5 Buildings 107.7 Capital lease obligations Equipment 119.7 99.6 Less accumulated depreciation Net property, plant, and equipment 22.8 22.2 (57.3) (52.5) Deferred taxes 236.4 200.7 Other long-term liabilities Total long-term liabilities 252.4 191.1 Goodwill 60.0 63.0 323.1 Other long - term assets 42.0 Total liabilities 395.1 242.7 Stockholders' Equity Total long - term assets 359.4 126.8 63.6 Total liabilities and 386.7 Stockholders' Equity 521.9 Total Assets 521.9 386.7 Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to: A. 4.39 B. 2.2 C. 1.1 D. 3.07
Liabilities and Assets 2006 2005 Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 54 58.5 Accounts payable 87.8 73.5 Notes payable / Accounts receivable 56.4 39.6 short-term debt 9.8 9.6 Current maturities of Inventories 46 42.9 long-term debt 39.1 36.9 Other current assets 6.1 3.0 Other current liabilities 6.0 12.0 Total current assets 162.5 144.0 Total current liabilities 142.7 132.0 Long-Term Liabilities Long-term debt Long - Term Assets Land 66.3 62.1 229.6 168.9 Ruildings 107 7 01 5 Canital lease obligations A. 4.39 B. 2.2 C. 1.1 D. 3.07 91.5 Buildings 107.7 Capital lease obligations Equipment 119.7 99.6 Less accumulated depreciation Net property, plant, and equipment 22.8 22.2 (57.3) (52.5) Deferred taxes 236.4 200.7 Other long-term liabilities Total long-term liabilities 252.4 191.1 Goodwill 60.0 63.0 323.1 Other long - term assets 42.0 Total liabilities 395.1 242.7 Stockholders' Equity Total long - term assets 359.4 126.8 63.6 Total liabilities and 386.7 Stockholders' Equity 521.9 Total Assets 521.9 386.7 Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to: A. 4.39 B. 2.2 C. 1.1 D. 3.07
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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